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Hong Kong-mainland trade slumps in first month

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Staff Writer | March 24, 2017
The Chinese mainland's trade with Hong Kong totaled $19.81 billion in the first month of this year, down 18.8 percent year on year, according to the Ministry of Commerce.
Hong Kong
Trade   The mainland approved 885 Hong Kong-invested projects
The value accounted for 6.3 percent of the mainland's total overseas trade in January, the ministry's figures show.

The mainland's exports to Hong Kong hit $19.24 billion, a decrease of 15.4 percent year on year, while the mainland's imports from the region saw a sharp decrease of 65.5 percent to $570 million.

Hong Kong is the mainland's sixth-largest trade partner and third-largest export market, according to the ministry.

The mainland approved 885 Hong Kong-invested projects in January this year, with the actual use of Hong Kong capital reaching $8.42 billion, up nearly 30 percent from the same period of last year.